Karen the Supertrader - TastyTrade Hybrid Experiment

DTB2 · Oct 1, 2016

Pekelo said:
Dear Sweet Bobby,

After carefully following your journal and seeing your latest monthly results, I would like to offer you a job opportunity. I am an older woman who runs a hedge fund using a similar strategy to yours. Lately the fund hasn't been performing well, and your strategy seems to be much better than ours.
So if you wouldn't mind to be employed in a hedge fund for a serious compensation, please get back to me as soon as possible because I am going to be busy with a few court cases in the near future.

Sincerelly,

K.B.

BWAAAA!

Sweet Bobby · Oct 1, 2016

Pekelo said:
Dear Sweet Bobby,

After carefully following your journal and seeing your latest monthly results, I would like to offer you a job opportunity. I am an older woman who runs a hedge fund using a similar strategy to yours. Lately the fund hasn't been performing well, and your strategy seems to be much better than ours.
So if you wouldn't mind to be employed in a hedge fund for a serious compensation, please get back to me as soon as possible because I am going to be busy with a few court cases in the near future.

Sincerelly,

K.B.

atrp2biz · Oct 1, 2016

Great month, Bobby!

At first glance, $49k in premium seems like a lot. I wonder if it would be useful to keep a daily log of your theta within your net liq chart/table. This could provide a view of portfolio risk relative to its size.

Pekelo · Oct 1, 2016

I am actually curious if either Karen or Sosnoff are aware of the Bobby/Yahoo experience? Since the Yahoo group has been around for 3 years now, we could assume that they know about it. It must hurt Karen that a bunch of yahoos (forgive my pun) safely outperforming her strategy. I am guessing her helpers didn't know much about risk or options, they must have been just trade executioners.

And if Sosnoff knows about the Yahoo group, he should mention the boys, that see, it isn't the strategy itself that was bad but the execution of it or too much leverage...

atrp2biz · Oct 1, 2016

Also, does the 25% retention from the Tastytrade research reference the premium or theta? 25% premium retention seems high if you're exiting at 50% of initial credit.

Sweet Bobby · Oct 1, 2016

atrp2biz said:
Great month, Bobby!

At first glance, $49k in premium seems like a lot. I wonder if it would be useful to keep a daily log of your theta within your net liq chart/table. This could provide a view of portfolio risk relative to its size.

Here's where I could use some help. Dr. Data from Tastytrade incorporates live data into spreadsheets. I wish there was a way to have my live Greeks populate within the spreadsheet. Is that even possible? Probably not since I think you have to have TOS open for the data to populate.

Sweet Bobby · Oct 1, 2016

Pekelo said:
I am actually curious if either Karen or Sosnoff are aware of the Bobby/Yahoo experience? Since the Yahoo group has been around for 3 years now, we could assume that they know about it. It must hurt Karen that a bunch of yahoos (forgive my pun) safely outperforming her strategy. I am guessing her helpers didn't know much about risk or options, they must have been just trade executioners.

And if Sosnoff knows about the Yahoo group, he should mention the boys, that see, it isn't the strategy itself that was bad but the execution of it or too much leverage...

Within the yahoo group, Keith, Tom, Tyler and myself have developed entirely different strategies. Karen was clueless as to keeping track of her delta. I figure she didn't look at the other Greeks as well. I do believe we have improved upon Karen's strategy.

Sweet Bobby · Oct 1, 2016

atrp2biz said:
Also, does the 25% retention from the Tastytrade research reference the premium or theta? 25% premium retention seems high if you're exiting at 50% of initial credit.

It applied to both. There is a particular Market Meaure segment on this. I will try to find it. Keep in mind that the 25% was based on selling 1 SD strangles. I just used the 25% as a loose guideline for my strategy as well.

The $49k premium surprised me as well. But at no time did I exceed my theta limits and I never even got close to using 35% of my buying power. So I was able to sell that much premium and never violate the guidelines of my strategy.

DTB2 · Oct 1, 2016

The boys manage STRANGLES @ 50% of credit received. STRADDLES are managed @ 25% of credit received.

DTB2 · Oct 1, 2016

Sweet Bobby said:
I am also his student and I'm doing quite well. I have been his student for about five years. He answers all of my questions. I've met the guy and talked with him. I am the captain of the University of Alabama team in the ThinkorSwim collegiate challenge and he has even offered me advice on doing well in that competition. He's never charged me a dime or asked for anything.

He could be off at the beach counting his money and telling me to screw off, but Tom takes time to help me.

This why Sossy is helping you:

Q. What’s the business model?

A. We are a financial media IPTV (Internet Protocol television network), and a financial technology firm, but overall we are a financial content marketing firm. We get paid for lead generation for brokerage accounts and distribution of our content.

http://www.chicagotribune.com/bluesky/originals/chi-qa-kristi-ross-dough-bsi-story.html